Assume That $300 Is Deposited at the End of Each

question 256

Multiple Choice

Assume that $300 is deposited at the end of each year in an account in which interest is compounded annually at a rate of 9%.Find the accumulated amount after 10 years.Round to the nearest cent.

• A)$4,557.88
• B)$4,857.88
• C)$1,419.29
• D)$3,038.59
• E)$1,519.29

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